Signet Jewelers Ltd. (NYSE:SIG) shares gapped down before the market opened on Wednesday . The stock had previously closed at $15.12, but opened at $16.06. Signet Jewelers shares last traded at $16.86, with a volume of 153,606 shares traded.
SIG has been the subject of several recent research reports. Zacks Investment Research raised Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a research note on Monday, August 12th. Bank of America dropped their target price on shares of Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Citigroup decreased their price target on shares of Signet Jewelers from $17.00 to $12.00 and set a “sell” rating on the stock in a research note on Friday, September 6th. Finally, ValuEngine downgraded shares of Signet Jewelers from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.29.
The stock has a market cap of $960.07 million, a PE ratio of 4.53, a P/E/G ratio of 0.92 and a beta of 1.03. The company has a quick ratio of 0.37, a current ratio of 2.10 and a debt-to-equity ratio of 1.95. The stock has a 50-day moving average of $16.69 and a 200 day moving average of $16.80.
Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, September 5th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.26. Signet Jewelers had a positive return on equity of 17.75% and a negative net margin of 2.99%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business earned $0.52 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. Research analysts forecast that Signet Jewelers Ltd. will post 2.95 EPS for the current fiscal year.
The business also recently declared a — dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 10.5%. Signet Jewelers’s dividend payout ratio is presently 39.78%.
In other Signet Jewelers news, CFO Joan M. Hilson bought 7,500 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of $14.46 per share, with a total value of $108,450.00. Following the completion of the purchase, the chief financial officer now directly owns 33,127 shares in the company, valued at $479,016.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Virginia Drosos bought 4,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $14.14 per share, with a total value of $56,560.00. Following the purchase, the chief executive officer now owns 232,181 shares of the company’s stock, valued at $3,283,039.34. The disclosure for this purchase can be found here. 0.96% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of SIG. CenterStar Asset Management LLC lifted its stake in Signet Jewelers by 136.0% in the second quarter. CenterStar Asset Management LLC now owns 1,660 shares of the company’s stock valued at $29,000 after acquiring an additional 6,270 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Signet Jewelers by 105.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,951 shares of the company’s stock valued at $35,000 after buying an additional 1,000 shares during the last quarter. Rational Advisors LLC boosted its position in shares of Signet Jewelers by 277.1% during the third quarter. Rational Advisors LLC now owns 2,285 shares of the company’s stock worth $38,000 after buying an additional 1,679 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Signet Jewelers during the second quarter worth approximately $43,000. Finally, FNY Investment Advisers LLC bought a new position in Signet Jewelers in the 3rd quarter worth approximately $77,000.
About Signet Jewelers (NYSE:SIG)
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.
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